Business Lead South Africa

CEOs tell Ramaphosa of serious challenges plaguing govt companies

PRETORIA, June 6 – Chief executive officers of state-owned companies (SOCs) on Wednesday detailed a number of concerns about the legal and regulatory environment within which SOCs operate, which are often ill-suited to the specific needs of entities and constrain innovation, the Presidency said. President Cyril Ramaphosa met with chief executives of over 20 key state-owned […]

In The News South Africa

Cosatu welcomes suspension of CEF board members

JOHANNESBURG, August 1 – The Congress of South African Trade Unions (Cosatu) on Tuesday, welcomed the suspension of the entire Central Energy Fund (CEF) board members by Energy Minister Mmamoloko Kubayi over the sale of 10.3 million barrels of the country’s strategic oil reserves. ”Cosatu welcomes the decision by Energy Minister Mmamoloko Kubayi and for demanding an explanation […]